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Okwa Diamonds purchases Ghaghoo Mine from Gem Diamonds

Gem Diamonds (LON: GEMD), a company focused on Africa, is selling its Botswana subsidiary to Okwa Diamonds, which is owned by Vast Resources (LON: VAST) and Botswana Diamonds (LON: BOD). The mothballed Ghaghoo in central Botswana, which Gem acquired from De Beers in 2007, is Okwa Diamond’s main target. The …

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Demand for green metals spelling good news for Southern Africa

Tin is one of a number of metals causing a stir around the world these days because of its potential to help the world decarbonize. The significance of this trend cannot be overstated. Unlike the previous metals supercycle, which was fueled by the Chinese economy’s urbanization and thus tied to …

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Sandvik demonstrates its commitment to miners in Southern Africa

Sandvik Mining and Rock Solutions have relocated its South African headquarters to brand new, purpose-built premises in Kempton Park, near Johannesburg, in a strategic move that it claims will consolidate its resources and further enhance its customer service. The state-of-the-art Khomanani facility includes three large workshop areas and office space …

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The African Oil & Gas Sector Needs An Energy Boost

The past 18 months have torn through industry and sector globally, leaving behind complex layers of economic instability and financial growth uncertainty. For the oil and gas sector, these months have hit the bottom line like a hammer – as the African Energy Chamber (AEC) Africa Energy Outlook 2021 report …

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Sales of rough diamonds in Botswana increase by 41%

According to figures released by the Bank of Botswana on Thursday, sales of rough diamonds in De Beers’ Botswana unit increased by 41% in the first half of 2021, owing to the reopening of key markets such as the United States and China. Debswana Diamond Company, a joint venture between …

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